keshav1685 keshav1685

30-05-2024
Business

Answered

In which of the following types of accounts are decreases recorded by credits?
a. owner's equity
b. liabilities
c. revenues
Od. assets

Answer :

GinnyAnswer GinnyAnswer

30-05-2024

Final answer:

Liabilities are the type of accounts where decreases are recorded by credits.

Explanation:

Liabilities are the type of accounts where decreases are recorded by credits. When liabilities decrease, it results in a credit entry, as per the rules of accounting. Credits are always on the right side of the account entry, and they increase a liability or net assets account.

Learn more about Accounting here:

https://brainly.com/question/33068790

Answer Link

Other Questions

The following is a chemical reaction involving ozone:[tex]\[ \begin{array}{l} ClO + BrO \longrightarrow Cl + Br + O_2 \\ Cl + O_3 \longrightarrow ClO + O_2 \\

Select all the correct answers.On an island, finches that fed on large, hard seeds had large beaks. Finches with small beaks fed on small, soft seeds. A drought

For secure web site connection you need what? a) Revoked certificate validating the expiration date b) Trusted Root CA c) Digital certificate with the web site

What Middle Kingdom form took on the function of the Old Kingdom mastabas?A. The colonnade B. The rock-cut tomb C. The granite obelisk D. The funerary urns

Given the radius [tex]\( r \)[/tex] of a sphere, calculate its volume [tex]\( V \)[/tex] using the formula:[tex]\[ V = \left(\frac{4}{3}\right) \pi r^3 \][/tex]

If the spending multiplier is 3 and the desired amount of increase in real GDP is [tex]$90 million, by how much would government spending have to increase? A.

Kayla runs a small bakery in her town. The following expression models the total amount of money Kayla's bakery earns in a particular month, where [tex]$x$[/tex

Create two lists, the Checking List and the Duplicates List Take a file from the computer. Check if a file with that name already exists in the Checking List. a

When testing an infant for developmental dysplasia of the hip, which of the following tests could be used?O Ortolani testO Barlow testO Galeazzi (Allis) signO A

Select all of the characteristics of fimbriae. (NOTE: Please change all question marks to checkmarks for correct answers or empty boxes for incorrect answers.)☑